The voluntary sector’s income fell by £700million in real terms to £39.2billion in the year to March 2012, according to data in the 2014 UK Civil Society Almanac, published by NCVO and the Third Sector Research Centre.

The analysis of the consultation on the draft new Statement of Recommended Practice (SORP) has been published by the Charity Commission and the Office of the Scottish Charity Regulator as the joint charities SORP-making body.